Mundra refinery JV: Adani in talks with Indian Oil

The Adani Group and Indian Oil Corporation have plans to build a Rs 30,000-crore JV refinery at Mundra, which will provide Gautam Adani an entry into the oil sector while Indian Oil will obtain land port facilities for the proposed export-focused unit. The proposed 30-mn-tonne refinery at Mundra will make Gujarat a bigger energy hub. The state already has refineries of Reliance Industries, Essar Oil and Indian Oil, apart from two LNG terminals and the countrys biggest city-gas distribution network.